Stores
Philippines foodservice profit sector to grow by 17.5% through 2026
Philippines foodservice profit sector to grow by 17.5% through 2026
This could reach $20b from $9.2b in 2021.
5 stars: Reviews matter amongst shoppers in Asia
Product reviews had the widest general appeal amongst consumers.
Starbucks faces complaint in South Korea over bags with toxic chemicals
The giveaway bags were found to contain formaldehyde.
JD launches first Apple physical store in Beijing
The store seeks to integrate online and offline consumption.
Vietnam’s Masan launches one-stop shop ecosystem
The 27 WIN stores are located in Hanoi and Ho Chi Minh City.
Weekly News Wrap: Shopping buoys Australian economy; Pinduoduo shares surge 43% amid reduced consumer appetite
And Shopee pulls out of Argentina in a wave of Latin America exit.
‘Clean’ beauty is here to stay: GlobalData
It was found that 30% of global respondents spent quite high or very high on skincare.
Japan’s Yoshitsu opens physical store in Hong Kong
It plans to open two more stores within the year.
Coca-Cola, PepsiCo level India’s energy drink playing field: report
Sting and Thums Up Charged Berry Bolt are amongst the products that dominate India.
How Central Group plans to boost its luxury retail business
It is present in 11 countries across 80 cities.
Weekly News Wrap: Pinduoduo launches US shopping site; Uniqlo shines in America on COVID-triggered revamp
And Korean cosmetics firm Amorepacific to buy skincare brand Tata Harper.
Consumer confidence rebound to boost China's foodservice sector
Chain operators are expected to grow at a higher rate across all channels.
Reliance Retail may bring India’s first major carbonates private label
This followed its acquisition of Campa Cola.
China’s foodservice profit to grow 2.6% through 2026
It is projected to reach $1.09t in 2026.
Instant coffee to boost South Korea’s hot drinks market
It is projected to be valued at $5b in 2026.
Muji to launch first store in Macau
The new store is set to be the largest in the Hong Kong and Macau region.
South Korea’s retail sales grow by 9.7% in July
This is due to the increase in outdoor activities.
Commentary
Packaging the future: Why Asia’s F&B sector must treat sustainability as strategy